The Global Natural Rubber Market is expected to reach USD 34.37 Billion by 2028, according to a new report by Reports and Data. The growth of the market is attributed to the growing demand for natural rubber from end-use applications. Increasing demand for natural rubber in tire production is one of the significant factors influencing the market growth. The benefits of natural rubber comprises abrasion resistance and adhesion to metals, thereby making it suitable in making of seals, gaskets, and other products. Also, certain features of natural rubber, which gives it an advantage over synthetic rubber, comprise vibration dampening and tear resistance, making natural rubber irreplaceable in end-uses like tires for large construction vehicles and airplane tires. Moreover, the advancement in production technology has transformed the automobile industry, which is expected to experience increased sales in the upcoming years, thus creating an increase in the demand for tires, and in turn, would drive the growth of the market.
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Some of the Leading Market Players Are Listed Below:
- Bridgestone,
- Sinochem Group,
- Michelin,
- Sri Trang Agro-Indusry,
- Halcyon Agri,
- Von Bundit,
- Southland Rubber,
- Apcotex Industries Ltd.,
- Firestone Natural Rubber Company
Global Natural Rubber Market Segmentation:
Product Type Outlook (Revenue, USD Million; 2020-2028)
- RSS Grade
- Latex Concentrate
- Solid Block
Distribution Channel Outlook (Revenue, USD Million; 2020-2028)
- Online
- Offline
Application Outlook (Revenue, USD Million; 2020-2028)
- Automobiles
- Gloves
- Footwear
- Belting Hose
Market Overview:
Exponential rise in population, urbanization trends and associated demand for food is likely to drive agriculture market outlook. With increasing disposable income of the populace, demand for high-quality food products is also rising. The governments across the globe are undertaking favorable initiatives to increase their respective agriculture sector output.
According to the WHO and Population Council, nearly 80% of the global population resides in urban cities. The prevailing scarcity of land in urban cities has prompted farmers and growers to adopt new solutions for developing fresh produces. For instance, the vertical farming technique enables consumers to grow crops indoor in layers, in a multi-story building, stacked on racks, or in a warehouse.
The key stakeholders in the farming industry have been focussing on leveraging the prowess of advanced technologies such as big data and IoT. These technologies have proved to be of immense help to obtain precise insights of farming situations which would further aid in better forecasts about agricultural outcomes.
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Competitive Landscape:
The Natural Rubber market vendors have implemented various types of organic as well as inorganic growth strategies, such as new product launches, product upgradations, partnerships and agreements, business expansions, and mergers and acquisitions, to strengthen their offerings in the market.
The report sheds light on the comprehensive competitive landscape of the global Natural Rubber market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, and recent developments in both historic and present contexts.
Further, the report segments the Natural Rubber market on the basis of product types, applications, end-use industries, and technology among others. The report offers insights into key factors influencing the revenue growth of the segment and provides information about lucrative investment opportunities to stakeholders, investors, and clients.
Regional Analysis covers:
- North America
- S.
- Canada
- Mexico
- Europe
- Germany
- Italy
- K.
- Rest of EU
- Asia Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Argentina
- Rest of Latin America
- Middle East Africa
- Saudi Arabia
- South Africa
- A.E
- Rest of MEA
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